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my question is this fiscal cliff that we are approaching. if president obama allows it to happen, what kind of catastrophe are you talking about? i'm kind of concerned? so negatively will this affect the industry? how bad will it really be out there on wall street and main street? >> guest: well, let's say there are a bunch of people where the congress is
my question is this fiscal cliff that we are approaching. if president obama allows it to happen, what kind of catastrophe are you talking about? i'm kind of concerned? so negatively will this affect the industry? how bad will it really be out there on wall street and main street? >> guest: well, let's say there are a bunch of people where the congress is
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obama is taking his fiscal cliff plan to the people. will republicans buckle under public pressure? msnbc's political analyst michael eric dyson and democratic strategist donna gentile-o'donnell will weigh in on that tonight. >>> welcome back to "the ed show." president obama has put house speaker john boehner and republicans in a box on fiscal cliff negotiations. and the evidence is mounting. president obama stayed on offense today, visiting the santana family in northern virginia whose taxes will go up more than $4,000 in 2013 if middle class tax cuts aren't extended. >> i'm encouraged to see that there's been some discussion on the part of republicans acknowledging the need for additional revenue. as i've indicated, the only way to get the kind of revenue for a balanced deficit reduction plan is to make sure that we're also modestly increasing rates for people who can afford it. folks like me. just to be clear, i'm not going to sign any package that somehow prevents the top rate from going up for folks at the top 2%. >> the concerted
obama is taking his fiscal cliff plan to the people. will republicans buckle under public pressure? msnbc's political analyst michael eric dyson and democratic strategist donna gentile-o'donnell will weigh in on that tonight. >>> welcome back to "the ed show." president obama has put house speaker john boehner and republicans in a box on fiscal cliff negotiations. and the evidence is mounting. president obama stayed on offense today, visiting the santana family in northern...
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>> compared to what obama's talking about, the fiscal cliff might be better because obama not only wants soak the rich tax increases that would automatically happen, he then wants additional taxes on top of that would be very bad for american competitiveness. we don't want to send jobs to china and india but almost as if obama wants to do that. at least if w went over the cliff, we would get the sequester, which is the budget wonk term for automatic reductions in the growth of spending. melissa: absolutely but i'm not sure republicans are giving in as much as you think. ifou drill down on the details, as soon as i saw 800 billion in new x revenue, my immediate question did they give on the point of marginal rat d from the language it doesn't look like. more a tax code basically closes loopholes. they employ all the euphemisms to say you will get rid of deductions. sounds like that is where the 800 billion in new revenue isoming from. they didn't give on marginal rates at all. >> that is good news but only good news in the nse we're not traveling as fast in the wrong direction. you're tal
>> compared to what obama's talking about, the fiscal cliff might be better because obama not only wants soak the rich tax increases that would automatically happen, he then wants additional taxes on top of that would be very bad for american competitiveness. we don't want to send jobs to china and india but almost as if obama wants to do that. at least if w went over the cliff, we would get the sequester, which is the budget wonk term for automatic reductions in the growth of spending....
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obama administration bites and says, yeah, we're prepared to go off the fiscal cliff. >>> roger goodell, the commissioner football fans love to hate. there's a softer, gentler side of goodell. seriously. the nfl commissioner you don't know. "newsroom" starts now. >>> good morning. thank you so much for joining me. i'm carol costello. smoke 'em if you got 'em. recreational marijuana is officially legal in washington state. shall we say a rather mellow celebration at seattle's space needle? pot smokers lit up like it was new year's eve. new voter approved initiative went into effect midnight. this pot party technically, is illegal. wz's law bans smoking pot in public places. for now the seattle police department is turning a blind eye. this notice was sent to all officers last night. until further notice officers shall not take any enforcement action, other than to issue a verbal warning, for a violation of initiative 502. miguel marquez is in seattle. you were there at midnight for the big party, when the law went into effect. what was it like? >> reporter: well, it was a lot of pot bein
obama administration bites and says, yeah, we're prepared to go off the fiscal cliff. >>> roger goodell, the commissioner football fans love to hate. there's a softer, gentler side of goodell. seriously. the nfl commissioner you don't know. "newsroom" starts now. >>> good morning. thank you so much for joining me. i'm carol costello. smoke 'em if you got 'em. recreational marijuana is officially legal in washington state. shall we say a rather mellow celebration at...
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traders said positive remarks about a fiscal cliff deal by president obama are aiding share prices. i guess port-related issues are leading the gains as the weakening trend of the yen is continuing. so let's take a look at the currency markets. the dollar is higher against the yen. that's on better than expected nonmanufacturing data out of the u.s. 82.40-43. euro/yen, that's in the mid 107 yen levels this thursday morning. taking a look at other markets in the asia-pacific, south korea's companiespy is 1949. let's take a look at australia. the benchmark index is lower by about.25%, 4508. let's see where china takes us when they open the next hour. >>> european commission regulators have imposed a fine worth almost $2 billion for running two price-fixing cars sells. they say it's the highest-ever anti-trust penalty in their history. the commission leaders said they fined six companies a total of $1.47 billion euros for anti-competitive behavior. the firms are panasonic and toshiba, samsung sdi and lg electronics, phillips and technicolor. they say the officials of those companies me
traders said positive remarks about a fiscal cliff deal by president obama are aiding share prices. i guess port-related issues are leading the gains as the weakening trend of the yen is continuing. so let's take a look at the currency markets. the dollar is higher against the yen. that's on better than expected nonmanufacturing data out of the u.s. 82.40-43. euro/yen, that's in the mid 107 yen levels this thursday morning. taking a look at other markets in the asia-pacific, south korea's...
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to call obama's bluff. one or two results will follow us over the cliff. we go back to recession. that will hurt but the economy will roar back. maybe, just maybe, zombies for obama will realize he has no clue when it comes to the economy. or we don't double dip to the recession. and the debt dissolves to pay the way for the 2016 conservatives. take your chance and take medicine now. over the long run, better for >> kimberly: call his bluff. be strong at the negotiating table to make sure you can do what is best in interest of the country. these are tough time and you have to stand your ground. if you look at the recent polling, obama dropped three points. in polling with the gallup poll. people aren't happy with him anyway. >> eric: there is a counterproposal, around $800 billion in revenue through tax reform. they go through spending cuts. none of the spending cuts in obama's plan. are we so far apart we will go up or is there a meeting ground? 'canes is smart of the republicans. last week, geithner to the treasury secretary and laughed at. across the board, left and right comme
to call obama's bluff. one or two results will follow us over the cliff. we go back to recession. that will hurt but the economy will roar back. maybe, just maybe, zombies for obama will realize he has no clue when it comes to the economy. or we don't double dip to the recession. and the debt dissolves to pay the way for the 2016 conservatives. take your chance and take medicine now. over the long run, better for >> kimberly: call his bluff. be strong at the negotiating table to make sure...
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here is what happens if obama drives us ofthe cliff. that 82 billion in higher taxes with the top 2 percent, add to that, we don't want to leave anybody of ofthis deal, $223 billion. now, do you suppose there is a reason that president obama likes to all the talk about those tax hikes, the tp 2%? i wonder why. could it be that he wants to drawttention away from the 400 -- let's do that right here, 400 -- $4 billion projected by the congressional budget office, $494 billion of obamacare taxes that will hit t the 2%, not the 98%, but the middle-class, and they start hitting on january 1st, and it does not matter whether we go over the cliff for not. if you have not heard about those tax hikes, perhaps it is because the mainstream liberal media for some strange reason does not want to talk about the inconvenience impact of obama taxes on our middle-class. >> the bill is passed. lou: the house passes the stem emigration bill. some democrats call it racist and pandering. how that? and republicans also introduced the achieve act. other republ
here is what happens if obama drives us ofthe cliff. that 82 billion in higher taxes with the top 2 percent, add to that, we don't want to leave anybody of ofthis deal, $223 billion. now, do you suppose there is a reason that president obama likes to all the talk about those tax hikes, the tp 2%? i wonder why. could it be that he wants to drawttention away from the 400 -- let's do that right here, 400 -- $4 billion projected by the congressional budget office, $494 billion of obamacare taxes...
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ram. >>> president obama is taking his fiscal cliff plan to the people. will republicans buckle under public pressure? msnbc's political analyst michael eric dyson and democratic strategist donna genteel-o'donnell will weigh in on that tonight. >>> the ceo of apple makes a big announcement about the future of the company's products. e.j. dionne on the political impact of that later. we'll be right back. oh, cloudy glasses. you didn't have to come over! actually, honey, i think i did... oh? you did? whoa, ladies, easy. hi. cascade kitchen counselor. we can help avoid this with cascade complete pacs. see, over time, cascade complete pacs fight film buildup two times better than finish quantum. to help leave glasses sparkling shiny! too bad it doesn't work on windows. okay, i'm outta here. cascade. the clear choice. a new way to save on your prescriptions. it's the aarp medicarerx saver plus plan from unitedhealthcare. with this plan, you can get copays as low as a dollar through a preferred network pharmacy like walgreens -- where you'll find 8,000 convenie
ram. >>> president obama is taking his fiscal cliff plan to the people. will republicans buckle under public pressure? msnbc's political analyst michael eric dyson and democratic strategist donna genteel-o'donnell will weigh in on that tonight. >>> the ceo of apple makes a big announcement about the future of the company's products. e.j. dionne on the political impact of that later. we'll be right back. oh, cloudy glasses. you didn't have to come over! actually, honey, i think...
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we still have no fiscal cliff deal, but there's talk between president obama and tim geithner. congress has adjourned for a long weekend. that's kind of insane. eamon javers joins us. >> reporter: the president began his day this morning before an audience of business leaders and he continued his campaign of persuasion amongst some of the nation's top ceos. >> i am passionately rooting for your success. because if the companies in this room are doing well, then small businesses and medium sized businesses up and down the chain are doing well. if companies in this room are doing well, then folks get jobs, consumers get confidence, and we're going to be able to compete around the world. >> and then larry, later in the afternoon, our steve leishman sat down with treasury secretary tim geithner. geithner in that interview late in the afternoon made it clear that this is brinksmanship of the highest order. >> i want to understand the administration's position when it comes to raising taxes on the wealthy. those making more than $250,000. if republicans do not agree to that, is the a
we still have no fiscal cliff deal, but there's talk between president obama and tim geithner. congress has adjourned for a long weekend. that's kind of insane. eamon javers joins us. >> reporter: the president began his day this morning before an audience of business leaders and he continued his campaign of persuasion amongst some of the nation's top ceos. >> i am passionately rooting for your success. because if the companies in this room are doing well, then small businesses and...
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the fiscal cliff issue. i want to show you a bit this morning of president obama in an interview with the bloomberg tv on tuesday talking about where he is in the debate. [video clip] >> i did not expect republicans to agree to any plan where they are betting that the entitlement reform will happen. we will have to have specific downpayments now recognizing we will have to continue to work to see if we can come up with better ideas to reduce health- care costs over the long term. that is the framework we are operating on. within that framework, i am happy to be flexible. i recognize i will not get 100%. i will not agree to a plan a in which we have some revenue that is vague and potentially comes out of the pockets of middle- class families in exchange for some very specific entitlement cuts that would affect seniors or other folks who are vulnerable. host: president obama with the bloomberg tv. next up, sarah on the republican line. caller: i think president obama is blackmailing the congress. he thinks sin
the fiscal cliff issue. i want to show you a bit this morning of president obama in an interview with the bloomberg tv on tuesday talking about where he is in the debate. [video clip] >> i did not expect republicans to agree to any plan where they are betting that the entitlement reform will happen. we will have to have specific downpayments now recognizing we will have to continue to work to see if we can come up with better ideas to reduce health- care costs over the long term. that is...
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fiscal cliff. nbc's tracie potts joins us live from washington with app update on all of this. tracie, good morning to you. >> reporter: lynn, not quite empty. a lot of lawmakers on a long weekend break. take a look at some of the frustrated constituents they'll face. a protest in baltimore over social security, not the check but the jobs. the people who work in the offices who fear there could be super long lines for taxpayers if, in fact, their jobs are cut in all of this. so where do we stand today? there's a hearing today on capitol hill. the joint economic committee hearing on what can be done for the fiscal cliff. treasury secretary timothy geithner says the administration is willing to go over the cliff, let taxes go up, let these taxes happen if republicans press the idea of no tax increases for the wealthy. the latest we've learned, president obama and house speaker john boehner have spoken by phone. no word on what they discussed or whether there are any meetings planned, but just the fac
fiscal cliff. nbc's tracie potts joins us live from washington with app update on all of this. tracie, good morning to you. >> reporter: lynn, not quite empty. a lot of lawmakers on a long weekend break. take a look at some of the frustrated constituents they'll face. a protest in baltimore over social security, not the check but the jobs. the people who work in the offices who fear there could be super long lines for taxpayers if, in fact, their jobs are cut in all of this. so where do...
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president obama has taken to twitter to answer questions about the fiscal cliff. the president is trying to drum up support for higher taxes on the wealthiest americans. selling is morningstar food unit two canadian company for $1.5 billion. they say it will help boost its presence in the u.s. fannie mae and freddie mac are putting evictions on homes for the holidays. it does not mean the foreclosure process will stop, but families will avoid eviction for two weeks ending january 2. that is the latest from the fox business network. giving you the power to prosper. ♪ tracy: former presidential candidate mitt romney has rejoined the board. governor romney has served on the board twice before. dennis: no word whether his bank account makes him less qualified of a candidate on that one. microsoft hoping to take a bite out of apple's ipad business. the high price could be more than some customers can swallow. shiiani joshi joins us now with a fabulous new haircut. shibani: you didn't notice last week, apparently. some backlash going on against microsoft today. you wo
president obama has taken to twitter to answer questions about the fiscal cliff. the president is trying to drum up support for higher taxes on the wealthiest americans. selling is morningstar food unit two canadian company for $1.5 billion. they say it will help boost its presence in the u.s. fannie mae and freddie mac are putting evictions on homes for the holidays. it does not mean the foreclosure process will stop, but families will avoid eviction for two weeks ending january 2. that is the...
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that president obama and democrats actually wanted to avoid it. that was the premise that any possible agreement had shown. that was the common goal, or so we thought. over the past couple of weeks it's become increasingly clear to many of us that we were simply wrong about that. incredibly, many top democrats, including the president, seemed perfectly happy -- perfectly happy -- to go off the cliff. that's why the president has been more interested in campaign rallies than actually negotiating a deal. and it explains why the president is now stubbornly insisting on raising tax rates when he himself said just last year that you could raise more revenue from capping deductions and closing loopholes. this isn't about the deficit for them or balance. it's about an ideological campaign that most americans thought would have ended on november 6, and that's also why the president sent secretary geithner up here last week with a proposal so completely ridiculous it wouldn't have passed the house, as i indicated earlier, if nancy pelosi were still speaker
that president obama and democrats actually wanted to avoid it. that was the premise that any possible agreement had shown. that was the common goal, or so we thought. over the past couple of weeks it's become increasingly clear to many of us that we were simply wrong about that. incredibly, many top democrats, including the president, seemed perfectly happy -- perfectly happy -- to go off the cliff. that's why the president has been more interested in campaign rallies than actually negotiating...
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. >> sean: the cost of president obama's arrogance could be off the fiscal cliff. he is deeply liberal, deeply ideological, reckless, irresponsible and no interest in seriously negotiating with the republican party and he's now putting partisan politics ahead of what is good for america. even the "washington post" is calling him out saying he has no intention to negotiate. writing: >> sean: let me repeat, the offer lacks any concessions. if you want the most recent concrete evidence of how irresponsible president obama is, you need look no further than his opening bid in budget talks. the proposal awd to republicans late yesterday courtesy of tax cheat geithner calls for the following: 1.6 trillion dollar tax increase, increasing rates on incomes over $250,000. 150 billion dollars in new public stimulus spending of which 50 billion would be spent next year. another extension in unemployment benefits, 30 billion. new power to raise the federal debt limit without congressional approval. in other words, an obama blank cheque. that is not all. he also wants the estate
. >> sean: the cost of president obama's arrogance could be off the fiscal cliff. he is deeply liberal, deeply ideological, reckless, irresponsible and no interest in seriously negotiating with the republican party and he's now putting partisan politics ahead of what is good for america. even the "washington post" is calling him out saying he has no intention to negotiate. writing: >> sean: let me repeat, the offer lacks any concessions. if you want the most recent...
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today president obama again made clear there will be no deal to avert the so-called fiscal cliff without the rich paying a higher tax rate. got it? higher rate. in this interview on bloomberg tv, he made it. let's listen. >> the issue right now that's relevant is the acknowledgment that if we're going to raise revenues that are sufficient to balance with the very tough cuts that we've already made and the further reforms in entitlements that i'm prepared to make, that we're going to have to see the rates on the top 2% go up, and we're not going to be able to get a deal without it. >> there you heard it again, top rates have to go up, and rates. and some republicans are saying that the gop will ultimately say uncle. conservative columnist byron york, a very smart guy, wrote, quote, republicans will cave on the question of raising the tax rate for the highest income americans. the only question is whether they do so before or after the government goes over the so-called fiscal cliff. "new york times" columnist david brooks describes it this way. republicans will be raising middle class tax
today president obama again made clear there will be no deal to avert the so-called fiscal cliff without the rich paying a higher tax rate. got it? higher rate. in this interview on bloomberg tv, he made it. let's listen. >> the issue right now that's relevant is the acknowledgment that if we're going to raise revenues that are sufficient to balance with the very tough cuts that we've already made and the further reforms in entitlements that i'm prepared to make, that we're going to have...
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in our cover story, house republicans' counter-offer in fiscal cliff negotiations with president obama takes away a white house argument that the republicans have no plan and puts medicare on the table for discussion. the republican counter-offer would raise $800 billion through tax reform and cut $600 billion from federal health programs, including raising medicare eligibility, another $600 billion cut from mandatory and discretionary spending, and factor inflation less in calculating social security benefits. "what we're putting forth is a credible plan that deserves serious consideration by the white house." in a three-page letter to the president calling democratic gains in the senate and mr. obama's victory a "status quo election," the republican proposal would raise half the amount as the president's plan and save $350 billion from medicare and medicaid. however, at the chicago fed, a gathering of 39 individuals from banking and manufacturing industries - including automakers and other sectors - say the economy is strong enough - barely - to withstand either party's direction. "t
in our cover story, house republicans' counter-offer in fiscal cliff negotiations with president obama takes away a white house argument that the republicans have no plan and puts medicare on the table for discussion. the republican counter-offer would raise $800 billion through tax reform and cut $600 billion from federal health programs, including raising medicare eligibility, another $600 billion cut from mandatory and discretionary spending, and factor inflation less in calculating social...
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we will take your questions and comments as we focus on the fiscal cliff. the house of representatives is back in session at 10:00 eastern for general speeches. legislative business begins at noon. several live events to tell you about today on our companion network c-span 3. craig fugate will testify about the response to hurricane sandy. that is at 10:00 a.m. eastern. the coalition for pasqual national security will focus on how the national security is impacted by the deficit. mike mullen will testify along with others. later, the center for strategic international studies host a forum on u.s. relations with china in light of china's leadership transition. that is at 5:30 eastern p.m.. ♪ >> this weekend on c-span 3, follow harry truman's grandson to hiroshima as the city celebrates -- remembers the dropping of the bomb. >> everybody has their own view. i do not want to argue about the history. i think we are past that. my goal and purpose for being here is to honor the dead and listen to the living. i want to do what i can add to make sure this does no
we will take your questions and comments as we focus on the fiscal cliff. the house of representatives is back in session at 10:00 eastern for general speeches. legislative business begins at noon. several live events to tell you about today on our companion network c-span 3. craig fugate will testify about the response to hurricane sandy. that is at 10:00 a.m. eastern. the coalition for pasqual national security will focus on how the national security is impacted by the deficit. mike mullen...
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. >> jennifer: president obama took his fiscal cliff avoidance campaign to corporate executives today. those top leaders may be small in number but they're actually very extra large in influence and during his address the president's address to the business roundtable which is a bunch of ceos of the biggest corporations president obama had this message for republicans who were plotting to gain leverage over the fiscal cliff discussions by folding the debt ceiling into fiscal cliff talks. take a listen. >> obama: congress, in any way suggests that they're going to tie negotiations to debt ceiling votes and take us to the brink of default once again as part of a budget negotiation which by the way we have never done in our history until we did it last year i will not play that game. >> jennifer: fortunately for us "newsweek" "daily beast" special correspondent michael tomasky is always up for playing political games himself. he's joining us from washington d.c. thanks for coming back inside "the war room." >> it is always my pleasure, governor. >> jennifer: always a pleasure to have you
. >> jennifer: president obama took his fiscal cliff avoidance campaign to corporate executives today. those top leaders may be small in number but they're actually very extra large in influence and during his address the president's address to the business roundtable which is a bunch of ceos of the biggest corporations president obama had this message for republicans who were plotting to gain leverage over the fiscal cliff discussions by folding the debt ceiling into fiscal cliff talks....
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house republican leaders have made a counter offer to president obama in the fiscal cliff negotiations proposing to cut to true knowledge with a combination of spending cuts come entitlement reform, and new tax revenues. there was a three page letter signed by speaker boehner, majority leader eric cantor, and other senior republicans including representative paul ryan. and this mornings "washington journal," we heard about tax reductions and credits that would go away if the fiscal cliff passes in january. >> board or series looking into the so-called fiscal cliff, we turn our attention to deductions and tax loopholes. some of them are potentially on the chopping block. joining us from the wall street journal is don mckinnon. thanks so much for joining us today. what are the loopholes and deductions? we hear those words a lot, but what are they? guest: loopholes or tax breaks of all different sorts, and whether you like a particular loophole or not depends on where you sit, i guess. there are lots of loopholes that are deductions. deductions are those that most people are familiar with
house republican leaders have made a counter offer to president obama in the fiscal cliff negotiations proposing to cut to true knowledge with a combination of spending cuts come entitlement reform, and new tax revenues. there was a three page letter signed by speaker boehner, majority leader eric cantor, and other senior republicans including representative paul ryan. and this mornings "washington journal," we heard about tax reductions and credits that would go away if the fiscal...
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was going to take us over the fiscal cliff. >> stephanie: yes, and it is because of republicans. you know what the funny names for republicans, just leave that to us. [ bell chimes ] [ applause ] >> stephanie: david marshmallow. yeah. hi, bob. >> caller: good morning. i just wanted to call about the bob costas thing and just say i started shooting when i was ten year's old, and i still believe there is a place for regulation in gun control. >> stephanie: uh-huh. >> caller: and i think the people that shout the loudest don't speak for even the majority of gun owners and i think there is this trained pavlovian dog whistle, and there's no room for discussion. >> stephanie: yeah, and he wasn't even talking about gun-control legislation. how can anybody say that is not true? i bet there would be a lot of domestic disputes that would not end this way if there were not a gun in the house. >> caller: i agree completely. he was quoting a writer from kansas city, who was closer to the situation. but the important part for my point is they attack nbc, and bob costas and they believe they sh
was going to take us over the fiscal cliff. >> stephanie: yes, and it is because of republicans. you know what the funny names for republicans, just leave that to us. [ bell chimes ] [ applause ] >> stephanie: david marshmallow. yeah. hi, bob. >> caller: good morning. i just wanted to call about the bob costas thing and just say i started shooting when i was ten year's old, and i still believe there is a place for regulation in gun control. >> stephanie: uh-huh. >>...
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visited and find out whether he's a fan of president obama's fiscal cliff plan. if you think running a restaurant is hard, try running four. fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. [ all kids ] faster! ok, what's fast? um, my mom's car and a cheetah. okay. a spaceship. a spaceship. and what's slow? my grandma's slow. would you like it better if she was fast? i bet she would like it if she was fast. hm, maybe give her some turbo boosters. tape a cheetah to her back. tape a cheetah to her back? seems like you have thought about this before. [ male announcer ] it's not complicated. faster is better. and the iphone 5 downloads fastest on at&t 4g. ♪ anyone have occasional constipation, diarrhea, gas, bloating? yeah. one phillips' colon health probiotic cap each day helps defend against these digestive issues with three strains of go
visited and find out whether he's a fan of president obama's fiscal cliff plan. if you think running a restaurant is hard, try running four. fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. [ all kids ] faster! ok, what's fast? um, my mom's car and a cheetah. okay. a...
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, folks who are closely watching this fiscal cliff drama. paula? rob? >> drama, indeed. tahman bradley, live in washington. thanks, tahman. >>> and a top republican may be among president obama's choice for his reshuffled cabinet. former senator chuck hagel of nebraska is said to be on the short list for secretary of defense. the president is expected to announce his nominees in the next two weeks. >>> and looking frail and also in a wheelchair, former senator bob dole made a surprise appearance last night on capitol hill, just days after being released from the hospital. dole was pushing for passage of a u.n. treaty guaranteeing equal rights for the disabled. but his efforts were in vain. republicans blocked approval of the treaty, saying it threatens national sovereignty. >>> also, a political passing announced overnight. long-time texas congressman, jack brooks has died. you can see brooks in this very famous photograph of lbj being sworn in as president aboard air force one. he is standing just behind a grief-stricken jackie kennedy. bro
, folks who are closely watching this fiscal cliff drama. paula? rob? >> drama, indeed. tahman bradley, live in washington. thanks, tahman. >>> and a top republican may be among president obama's choice for his reshuffled cabinet. former senator chuck hagel of nebraska is said to be on the short list for secretary of defense. the president is expected to announce his nominees in the next two weeks. >>> and looking frail and also in a wheelchair, former senator bob dole...
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Dec 1, 2012
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it gives lawmakers a way it avoid a fiscal cliff or fiscal curve. it can end flirtations with fiscal suicide. that the last word. i'm ezra klein in for ed o'donnell. >>> the president has returned from his trip. chris matthews and "hardball" is next. >>> a no-brainer for boehner. let's play "hardball." ♪ good evening. i'm chris matthews in washington. let me the start tonight with this. somebody has got to break it to mr. boehner, your side lost. romney, remember him? he's the guy who ran on the rich man's platform. the hands off the big boys' ticket. he's the guy who said his fellow 2%ers have your back. mr. boehner, ye of limited memory, the voters looked this issue directly in the eye, they heard your guy, romney, playing palace guard for the plutocrats, and they said i think i'll vote for the guy who is looking out for the middle class. i think i will let that guy go back to bain or whatever. time for mr. boehner to stop protecting the rich. joy reid is managing editor of the grio, and david corn is washington bureau chief for mother jones and
it gives lawmakers a way it avoid a fiscal cliff or fiscal curve. it can end flirtations with fiscal suicide. that the last word. i'm ezra klein in for ed o'donnell. >>> the president has returned from his trip. chris matthews and "hardball" is next. >>> a no-brainer for boehner. let's play "hardball." ♪ good evening. i'm chris matthews in washington. let me the start tonight with this. somebody has got to break it to mr. boehner, your side lost. romney,...
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Nov 30, 2012
11/12
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take the fiscal cliff stuff out, obama taxes target small businesses, let's say have you a small, not unreasonable you make around $500,000, you. we like 15 people. you raise their taxes, they will lop off 2 or 3 of those people. neil: who are these small business guys that got in. >> i'm sure some of them have -- you know, listen, not all small businesses are monolithic. neil: who are big business guys. >> lloyd, just so you know, i know him personal, saying how great the president's plan is, ear something like warren buffet, they made so much money already. what do they care if you take of their taxes a little bit. james gorman that runs morgan stanley, i really like, said put pressure on congress to get a deal done, i am sure that that james would not care if they raised upper rate on people, but morgan stanley still pushing for certain deducts that help business, i would be careful with listening to the quote, unquote corporate. >> we did look at this, we cannot prove a exact number but overwhelming number, either donated or were active supporters of the president, and diagramcrat
take the fiscal cliff stuff out, obama taxes target small businesses, let's say have you a small, not unreasonable you make around $500,000, you. we like 15 people. you raise their taxes, they will lop off 2 or 3 of those people. neil: who are these small business guys that got in. >> i'm sure some of them have -- you know, listen, not all small businesses are monolithic. neil: who are big business guys. >> lloyd, just so you know, i know him personal, saying how great the...
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tea party two will dwarf tea party one if obama pushes us off the cliff. let's not pretend he isn't pushing us off the cliff. >> maria, the broader question, where is our economy right now as we're tackling this issue? what's the economy doing well? what's it not doing as well? and what will we see over the next four years? >> we are moving at a slow pace. at this point in the recovery, you would expect faster growth, which we are not going. if we go over the cliff, we will go into recession. a couple of industries will feel the hurt more so than others. obviously, defense. and because these are long-term projects, those defense cuts will be felt well into 2013, into 2014. what's doing well? health care is doing well. we're living longer. living until 100 years old. that's a positive. it's not a crisis. it's a positive. so we are in need of 1 million nurses, health care professionals in the coming years. technology doing very well. a lot of start-up technology. innovation going well. that's a positive. manufacturing coming back a bit as well. the auto sect
tea party two will dwarf tea party one if obama pushes us off the cliff. let's not pretend he isn't pushing us off the cliff. >> maria, the broader question, where is our economy right now as we're tackling this issue? what's the economy doing well? what's it not doing as well? and what will we see over the next four years? >> we are moving at a slow pace. at this point in the recovery, you would expect faster growth, which we are not going. if we go over the cliff, we will go into...
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Nov 29, 2012
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the so-called fiscal cliff. the euro is edging higher against the yen and that's changing hands at 106.24-26. let's take a look at stocks now. tokyo share prices are edging higher as concerns about the u.s. economy are receding. the nikkei average at 9371, a gain of .7% from wednesday's close. export-related issues, including automakers, are leading the market advance. and taking a look at other markets open in the asia-pacific, we're seeing south korea's kospi trading higher by .9%, 1929. and in australia, the benchmark index is trading higher by .4%, 4465. we'll see where china takes us in the next hour. >>> countries around the world are accelerating moves to solidify trade relations. among them, japan and the european union are seeking an economic partnership. but france's trade minister says yeahn pa will have to meet certain conditions before that happens. eu trade ministers will begin discussions on thursday on whether to approve the start of negotiations with japan for an economic partnership agreement.
the so-called fiscal cliff. the euro is edging higher against the yen and that's changing hands at 106.24-26. let's take a look at stocks now. tokyo share prices are edging higher as concerns about the u.s. economy are receding. the nikkei average at 9371, a gain of .7% from wednesday's close. export-related issues, including automakers, are leading the market advance. and taking a look at other markets open in the asia-pacific, we're seeing south korea's kospi trading higher by .9%, 1929. and...
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the war of words over the fiscal cliff intensifies as obama prepares to take his case to the american people. the eurozone was living in a, quote, fairy world. draghi tells governments they cannot rely only on ecb help and chastises them for past mistakes. and schaeuble warns a default could spell the end of the euro. >>> president obama travels to a suburb of philadelphia today to tour a local toy company. he'll speak at noon eastern time and will continue to press republicans to let tax cuts expire for people making more than $250,000 a year. reports suggest the president's opening bid and budget talks calls for a $1.6 trillion tax hike, $50 billion in new in-practice straukt spending, and unfettered power to raise the u.s. debt ceiling. that was laid out to lawmakers yesterday by tim geithner and led to sharp comments there both sides of the aisle. >> now is the time for the republicans to move past this happy talk about revenues, ill defined, of course, and put specifics on the table. the president has made his proposal. we need a proposal from them. >> what we don't know is what
the war of words over the fiscal cliff intensifies as obama prepares to take his case to the american people. the eurozone was living in a, quote, fairy world. draghi tells governments they cannot rely only on ecb help and chastises them for past mistakes. and schaeuble warns a default could spell the end of the euro. >>> president obama travels to a suburb of philadelphia today to tour a local toy company. he'll speak at noon eastern time and will continue to press republicans to let...
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. >> the country going over the fiscal cliff and the talks are at a stand still for president obama portrage republicans scrooges and the republicans are waiting for a serious proposal. pat buchanan wants the gop to stand firm with no new taxings. >> ditching the business tax for a national sales tax. it is spurring growth and putting people to work there. wayne would it work here? >> it is a sad day to think that we have to do something the communist china is doing . it worked very well and they have expand today to other provinces in china and it is working very, very well. yes. >> national sales tax does that work here, johnathon? >> it would. it is it fair and treats everyonely and easy to understand and more importantly taxes consumption and not production. the only thing i like about communist china is the chicken but the corporate next tax must go and think of how much more wealth and jobs we would have if it add more to the profits every year. >> julian, what do you make of >> the reason a national sales tax is good it is harder to cheat on and the reason it is it bad. economy growin
. >> the country going over the fiscal cliff and the talks are at a stand still for president obama portrage republicans scrooges and the republicans are waiting for a serious proposal. pat buchanan wants the gop to stand firm with no new taxings. >> ditching the business tax for a national sales tax. it is spurring growth and putting people to work there. wayne would it work here? >> it is a sad day to think that we have to do something the communist china is doing . it...
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Dec 4, 2012
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on the fiscal cliff. the bipartisan group says both sides need to work together to avoid the tax increases and spending cuts due to kick in at the end of the year. >> no one's going to get what they want, but as a country to move forward, we've got to figure out who gives where, and if everything is going to be out on the table, how do we negotiate that? >> reporter: republicans have given a counterproposal to the president's plan which he issued last week. they say their plan would cut $2.2 trillion from the federal deficit over ten years. with $600 billion in health care cuts, $300 billion in cuts to mandatory spending and another $300 billion in cuts to other federal spending. the biggest difference between the republican plan and the president's remains taxes and how the government can generate more revenue to pay down the debt. >> rates have to rise on the top 2%. there's no other way to do it. >> reporter: president obama says his plan will raise taxes on the rich, bringing in $1.6 trillion. republi
on the fiscal cliff. the bipartisan group says both sides need to work together to avoid the tax increases and spending cuts due to kick in at the end of the year. >> no one's going to get what they want, but as a country to move forward, we've got to figure out who gives where, and if everything is going to be out on the table, how do we negotiate that? >> reporter: republicans have given a counterproposal to the president's plan which he issued last week. they say their plan would...
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and investors appeared optimistic after avoiding the fiscal cliff after president obama suggested that the deal could be reached in about a week. >>> the government issues a new warning today about those reverse mortgages. they are mortgages that give senior citizen homeowners an immediate cash payment in exchange for a future equity. today the obama administration will recommend that senoras be very careful before signing one. >>> star bucks is planning to open 1500 more cafes across the country over the next five years. averaging two new stores every day. that's america's money, i'm paula faris. >>> well, today many have been waiting for. the state of maryland begins issuing same sex marriage licenses today. we're live with more on this historic day. >>> on a mission for survivors, a man walks cross-country for those affected by the stroke. we're going to tell you where you can meet him today. >>> and one baltimore neighborhood could be getting a major makeover. the mayor will be on hand for a big announcement today. we're going to tell you what it is and if it is where you live on t
and investors appeared optimistic after avoiding the fiscal cliff after president obama suggested that the deal could be reached in about a week. >>> the government issues a new warning today about those reverse mortgages. they are mortgages that give senior citizen homeowners an immediate cash payment in exchange for a future equity. today the obama administration will recommend that senoras be very careful before signing one. >>> star bucks is planning to open 1500 more...
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Nov 29, 2012
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said going off the cliff not going to happen. doesn't seem social or right now. >> not going to happen, what he said. i am at harvard kennedy school where right this very minute senior campaign managers from the romney and obama campaign and every other campaign are being debriefed by top political reporters and it is interesting because obama clearly sees that he has a mandate out of the election on fiscal cliff issues. even though it wasn't a huge issue in the debate the white house is behaving like it has that mandate. what you have been seeing is republicans showing signs of flexibility and i am not just talking john boehner saying revenue is on the table. we have republican senators saying they will stand up to the grover norquist tax pledge. they're willing to break it which is pretty big news. we also have the influential member of congress, republican tom cole saying we have got to agree to extend the tax cut just for those people making $250,000 and below and letting the more wealthy be taxed. definitely flexibility but
said going off the cliff not going to happen. doesn't seem social or right now. >> not going to happen, what he said. i am at harvard kennedy school where right this very minute senior campaign managers from the romney and obama campaign and every other campaign are being debriefed by top political reporters and it is interesting because obama clearly sees that he has a mandate out of the election on fiscal cliff issues. even though it wasn't a huge issue in the debate the white house is...
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the campaign arm of obama, all of those people are getting information about the fiscal cliff. >> yeah, one thing that happened after 2008 was that obama for america morphed into organizing in america and into the dnc. it played very little role in pushing the president's first term agenda. a lot of folks on the left and from within the white house thought that was a mistake looking back upon it. what we see right now is an immediate change. after the 2012 election ofa is engaging supporters, continuing to do so and clearly fighting this fiscal cliff battle and the white house wants to use that vast supportive base and its email list to pressure congress. jon: that event that the president had in the east room of the white house last week, where he invited people to stand behind him and they were all people who they stand to see their taxes go up maybe $2,000 or so if we go over the fiscal cliff, that is the kind of thing we're talking about. he is soliciting, the administration is soliciting email testimonials from ordinary americans. >> there is a feeling that if going back to 2 ao 0
the campaign arm of obama, all of those people are getting information about the fiscal cliff. >> yeah, one thing that happened after 2008 was that obama for america morphed into organizing in america and into the dnc. it played very little role in pushing the president's first term agenda. a lot of folks on the left and from within the white house thought that was a mistake looking back upon it. what we see right now is an immediate change. after the 2012 election ofa is engaging...